Confidence among the nation’s chief executives, having already increased in the second quarter of 2009, continued to increase into the third quarter, according to a report released by the Conference Board. The Conference Board Measure of CEO Confidence reached a reading of 63 points, up from 55 points in the second quarter (a 50-point reading indicates more positive than negative responses). “CEOs have grown considerably more optimistic in their short-term outlook,” says Lynn Franco, Director of The Conference Board Consumer Research Center. “Although nearly 60 percent say they’ve scaled back capital spending plans since January, growing optimism over the past several quarters should translate into increased spending in 2010.”
CEO Confidence on the Rise
A survey from the Conference Board finds CEO confidence beat its marks from the previous quarter.
October 9, 2009